TO SUMOKOIN DEVELOPERS & COMMUNITY

With high likelihood privacy coins will be included in upcoming regulations, restricting their potential use via different measures and policies (e.g. only exchanges w/o privacy coins allowed in the country, etc).

I believe SUMOKOIN needs to be proactive and commit publicly to measures which ensure its coins are not abused for illicit activities. As I lack technical expertise I cannot suggest what this could look like. Perhaps offering full collaboration to provide information to Authorities from which sources (e.g. numbers of ETH or Bitcoin accounts) the SUMOKOINs were acquired from and how much could be enough to trace back to the origin where there is reasonable suspect of illicit activity. Perhaps 100% privacy within SUMOKOIN network transactions, but transparency if requested towards the outside would be the solution. As said, I lack expertise to suggest something which is acceptable for the SUMOKOIN philosophy, technically possible and politically reassuring.

 I do consider having experience and insight into regulatory and policy processes and mindsets, hence I am convinced that you should think about the above and propose collaborative solutions for Authorities / Regulators. Doing so will significantly de-risk your project and create value to the SUMOKOIN Community. Don’t only focus on technically advancing your product, invest energy now to ensure there will be a fruitful environment for it to prosper. Take my advice and act now.

Food for thought.